The Agreement To Pay Debt In Installments is commonly used in Singapore when parties wish to formalize a structured repayment plan for an existing debt. This document is particularly relevant when the debtor cannot make immediate full payment but is willing to settle the debt through regular installments. It provides legal protection under Singapore law for both creditor and debtor by clearly documenting the debt acknowledgment, payment schedule, and consequences of default. The agreement helps prevent future disputes by establishing clear terms and conditions while ensuring compliance with relevant Singapore legislation, including interest rate restrictions and fair trading practices.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Agreement To Pay Debt In Installments
"I need an Agreement To Pay Debt In Installments to structure the repayment of a $50,000 business loan over 24 monthly installments, with the first payment starting March 1, 2025, and I want to include an early repayment option without penalties."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
1. Parties: Identification and details of the creditor and debtor
2. Background: Origin of the debt and circumstances leading to the installment agreement
3. Definitions: Key terms used throughout the agreement
4. Acknowledgment of Debt: Formal recognition of the debt amount and its validity
5. Payment Terms: Installment amounts, payment schedule, and payment method
6. Default Provisions: Consequences of missing payments or breaching the agreement
7. Governing Law: Specification of Singapore law as governing law
1. Interest Calculations: Details of interest charges if applicable - use when interest is being charged on the outstanding amount
2. Security Provisions: Details of any collateral or security for the debt - use when the debt is secured by assets or guarantees
3. Early Payment Provisions: Terms for early repayment of the debt - use when early repayment options are offered
4. Force Majeure: Provisions for unforeseen circumstances affecting payment ability - use when parties want to address potential extraordinary circumstances
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Original Debt Documentation: Copies of documents evidencing the original debt
3. Security Documentation: Details of any security or collateral (if applicable)
4. Interest Calculation Schedule: Detailed breakdown of interest calculations (if applicable)
Authors
Relevant legal definitions
Agreement
Business Day
Commencement Date
Confidential Information
Default Event
Default Interest Rate
Due Date
Effective Date
Existing Debt
Force Majeure Event
Installment Amount
Installment Payment Date
Interest Rate
Original Debt Document
Outstanding Balance
Parties
Payment Schedule
Principal Amount
Repayment Period
Security
Singapore Dollars
Term
Total Debt Amount
Business Day
Commencement Date
Confidential Information
Default Event
Default Interest Rate
Due Date
Effective Date
Existing Debt
Force Majeure Event
Installment Amount
Installment Payment Date
Interest Rate
Original Debt Document
Outstanding Balance
Parties
Payment Schedule
Principal Amount
Repayment Period
Security
Singapore Dollars
Term
Total Debt Amount
Clauses
Acknowledgment of Debt
Agreement to Pay
Payment Terms
Payment Schedule
Interest
Default
Acceleration
Security
Representations and Warranties
Covenants
Early Repayment
Late Payment
Force Majeure
Notices
Assignment
Amendments
Severability
Entire Agreement
Governing Law
Dispute Resolution
Confidentiality
Costs and Expenses
Further Assurance
Waiver
Time of Essence
Agreement to Pay
Payment Terms
Payment Schedule
Interest
Default
Acceleration
Security
Representations and Warranties
Covenants
Early Repayment
Late Payment
Force Majeure
Notices
Assignment
Amendments
Severability
Entire Agreement
Governing Law
Dispute Resolution
Confidentiality
Costs and Expenses
Further Assurance
Waiver
Time of Essence
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Installment Plan Agreement
A Singapore law-governed agreement establishing terms for payment of goods or services through fixed installments.
find out more
Lot Installment Agreement
A Singapore-governed agreement for the purchase of land lots through structured installment payments.
find out more
Agreement To Pay Debt In Installments
A Singapore-law governed agreement that structures the repayment of an existing debt through scheduled installments.
find out more
Monthly Payment Agreement
A Singapore-law governed agreement establishing terms for recurring monthly payments between parties.
find out more
Installment Payment Contract
A Singapore-law governed agreement structuring payments into regular installments, detailing payment terms, schedules, and remedies.
find out more
Partial Payment Installment Agreement
A Singapore-compliant agreement that structures debt repayment into fixed installments, protecting both creditor and debtor interests.
find out more
Installment Sale Contract
A Singapore-law governed contract enabling the sale of goods through structured installment payments.
find out more
Installment Payment Agreement
A Singapore-law governed agreement establishing terms for payment of an obligation through scheduled installments.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.